English court refuses to recognise Chapter 11 on COMI grounds
The St Pancras and King's Cross railway stations in the London neighbourhood of Kings Cross, home to Videology Ltd (Credit: istock.com/photolondonuk)
The UK-headquartered subsidiary of a US advertising company has failed to have its Chapter 11 bankruptcy recognised as a foreign main proceeding by an English court, which found its centre of main interest to be in the UK rather than the United States.
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